As fires ravage California, shares of Edison International (NYSE:EIX) take a beating as well. While the hardship of those living in the fire zone will likely take a long time to improve, it appears things may be about to turn for Edison International. The stock hit major support today at $63.00 and will likely see a bounce as early as tomorrow, lasting into the new year. Look for a snap back swing trade to $70.00.

Read more: Key Chart Support Tagged On Edison Intl. (NYSE:EIX), Bounce Expected

Semiconductors have led this market for almost two years. The upside move on the semiconductor ETF $SMH has been insane. However, in recent weeks something major has changed. The semi's have rolled sharply, even as the stock market makes new all-time highs. This should be a big warning sign not just for the semi's but for the entire market. While end of year window dressing and light volume may keep the markets at all-time highs, it is likely there is trouble brewing in early 2018. In addition, the semiconductor index has a classic bear flag formation and is unable to get back over the daily 50 moving average. I have it penciled in that the semiconductor ETF SMH will see another big leg down in the first quarter of 2018, hitting $89.75. This is another 10% drop in the index. For investors, just simply compare the chart of the semi's before from the start of 2016 to November 2017. Then compare and see the divergence in December. It is shocking. Note the chart below.

Read more: Semiconductors Send Out Warning Signs $SMH

Companies Mentioned: Longfin Corp. (NASDAQ: $LFIN),Glance Technologies (CSE: $GET.C; OTCQB: $GLNNF),Spindle, Inc. (OTCQB: $SPDL), NetCents Technology Inc. (CSE: $NC.C / Frankfurt: 26N)

Point Roberts, WA – December 21, 2017 - Investorideas.com, a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.comand Blockchaininvestorideas.comreports on recent developments in fintech and cryptocurrency.

Read this news in full at http://www.investorideas.com/news/2017/bitcoin/12211FinTechCryptocurrency.asp

According to CoinMarketcap.com the value of cryptocurrencies as of December 20th was $611,496,367,369 measuring 1368 cryptocurrencies. With comments from Bloomberglike “Fintech plus cryptocurrency equals about $7 billion” regarding the recent rise of Longfin Corp. (NASDAQ: LFIN), investors are on the hunt for what’s next in the sector.

Fintech company Longfin Corp.’s (NASDAQ: LFIN) stock saw a 2700% increase following news  of the acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers Microfinance Lending against Collateralized Warehouse Receipts in the form of Ziddu Coins.

Read more: The FinTech and Cryptocurrency Marriage; How Companies are Capitalizing on the Digital Currency...

SAN DIEGO, CA - December 21, 2017 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher" or the "Company"), a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, announces that its joint venture partner entered into an agreement with a developer/manufacturer to begin manufacturing prototypes of its proprietary pet tracking device.

Read this news in full at http://www.investorideas.com/CO/GOPH/news/2017/12211GuardianOrb.asp

The Guardian Orb Pet Tracker is a derivative technology of Gopher's Guardian Patch tracking technology and is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source.

The manufacturer has been contracted by Gopher's joint venture partner to design and manufacture both the static and portable pet tracker systems. Upon successful development and delivery of prototypes, Gopher's joint venture partner will appoint the manufacturer as the exclusive manufacturer subject to entering an appropriate agreement.

Read more: Gopher (OTCQB: $GOPH) Initiates Prototype Development of the GUARDIAN ORB Proprietary Pet Tracking...

Today, leading used auto retailer Carmax Inc (NYSE:KMX) is sinking lower after reporting earnings. Currently, KMX stock is trading down by 4.29 percent to $65.55 a share. The stock is now trading slightly under its important 200-day moving average which is a bearish indication for the shares. Traders must now look at the $61.50 as the next major chart support level for the stock. This support area is where the stock was defended in June 2017. Very often, the institutional traders will support an equity when it retests and retraces into important prior levels. Keep this support area on the radar as that will be where I look to get into KMX stock on the long (buy) side. 

Read more: Carmax Inc (NYSE:KMX) Steered Off Course After Earnings